Divorce for parents in Colorado during the holidays can mean added disruption to an already stressful time. On top of dealing with holiday shopping and plans for meals with extended family, divorced or divorcing parents also have to figure out the logistics of travel for children in shared custody situations. In addition, shared custody means children may not get to spend as much time with each parent as they would like, making it easy to fall victim to anxiety and depression.
From emotional distress to changes in lifestyle, many Colorado residents face new challenges when going through a divorce; however, these problems can get much worse without factoring financial decisions into a divorce agreement. Forbes has published findings by a Certified Financial Planner that outline a number of common mistakes people make during the dissolution of a marriage, and the findings present proper planning as the solution to avoiding disaster.
When Colorado couples live together before they get married, they might experience what researchers have called the "premarital cohabitation effect". This refers to the fact that people who do so may experience conflict after their marriage.
Some Colorado couples who are planning to marry have negative feelings about prenuptial agreements. They think that prenups mean that a couple is planning to get divorced before they are even married. Other people associate prenuptial agreements with financial greed or high-profile celebrity splits. In reality, these arrangements can be useful to people of various financial means. Many experts advise that all couples should think about prenuptial agreements before deciding to tie the knot. This is especially true as more people marry at an older age with established careers and businesses.
Having a lot of money does not necessarily insulate Colorado couples from a divorce. Research from the Federal Reserve Board does show that a higher credit score is linked to a higher likelihood of staying in a committed relationship and that couples are more likely to split up if there is a large disparity between their credit scores. However, the American Academy of Matrimonial Lawyers reports that economic upturns usually also means an increase in divorces.
People in Colorado may know that their work lives have an effect on their personal lives as well. From health and well-being to romantic relationships, nearly all aspects of a person's life could be affected by their choices on the job. According to one study, people who work in certain types of environments may also be more likely to divorce. One study investigated whether people who work more closely with other potential partners - for straight people, members of the opposite sex - were more likely to end their marriages than those in a same-sex environment.
Divorce among adults older than age 50 is becoming more common in Colorado and in other areas. According to statistics, divorce among older adults, which is also known as "gray divorce," has doubled since 1990. Divorce among older adults can cause a number of health problems.
Colorado couples may be reluctant to broach the subject of a prenuptial agreement. They may think that having one may increase the likelihood that they will get a divorce, or they may be concerned that embarrassing financial details may be revealed.
A growing number of older couples in Colorado and across the country are opting to divorce later in life. As divorce has become more common in general, the acceptance of divorce can sometimes seem to transfer between generations. The daughters of divorced parents can be 60 percent more likely to legally split themselves while the sons of parents who separated are 35 percent more likely to separate. However, while people may think of younger couples when they consider divorce, older Americans are more likely than ever to end their marital relationships.
Individuals in Colorado or elsewhere who are planning to get married may want to avoid doing so on Valentine's Day. According to research from the University of Melbourne, 11 percent of the couples involved in the study who tied the knot on February 14 got divorced within five years of getting married. After nine years, that figure jumps to 21 percent. Researchers also found that couples should avoid certain dates because of how they appear on the calendar.